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Expert Advisor
4.6/5
514 total votes.
A Sold-Out Expert Advisor!
Visit FX Capitalist Website
NFA compliance
Yes.
 
Refund policy
60 days unconditional.
 
License
1 account + 24/7 technical and customer support + special members only area access + free lifetime updates.
 
Note
Special broker conditions are required for this Forex robot like; good execution, good spreads, minimal stop distance. There are some upsells that include an advanced version costing $137, it allows modifying of all the EA parameters and a preset service that might provide pre-configured setting files.
 

Trading Idea

FX Capitalist is a scalper all over the day with so tight stop loss (L version => 4 pips, S version => 2 pips) and a more higher take profit target (L version => 13 pips, S version => 11 pips). The losing trades are ordinary predominant, but the final result is still good.

Specifications

Supported Currency Pairs

EURUSD

MetaTrader Chart Timeframe

H1
About
Last Reviewed On Wed, 23 Oct 2013

Forward Test

Demo Account

FXCapitalist S (fxopenECN) System

Started On
Oct 08, 2012
Leverage
1:500
Broker
FXOpen
Starting Balance
$$30,000
Total Gain
+326.62%
MyFxBook (Test Hoster)

Live Test Summary

Started On
Oct 08, 2012
Account Leverage
1:500
Profit Factor
1.23
Total Gain
+326.62%
Absolute Gain
+326.62%
Monthly Gain
13.21%
Daily Gain
0.11%
Total Pips
247.4
Total Trades
179
Profit Amount
$32662.24
(%) Won Trades
247.4
Drawdown
32.63%
Official Website

No Deposit $10 Welcome Bonus to Your First STP Account
No Deposit $10 Welcome Bonus to Your First STP Account

Backtests

Dukascopy tick data

In these backtests; real spread is used and the time span is between 2007 and 2013. It should be noted that the Forex robot is profitable in the last few years while it had a rather flat performance in the older years.

FX Capitalist Basic L v1.1.7 EURUSD 2007-2013 tick data backtest, real spread, default settings

View Full Backtest MyFxBook Analysis

Backtests Settings

Symbol
EURUSD (Euro vs US Dollar)
Period
1 Hour (H1) 2007.03.30 16:01 - 2013.01.21 15:59
Broker
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
Info="Allocated funds in MM to use this function Lot size must be 0.0"; Lots=0; MoneyManagement=22;
Bars in test
36292
Ticks modelled
82595510
Modelling quality
99.00%
Initial Deposit
$10000.00
Spread

Backtests Results

Total net profit
13087.27
Gross profit
65644.37
Gross loss
-52557.10
Profit factor
1.25
Expected payoff
13.73
Absolute Bal DD
1823.00
Maximal Bal DD
2094.20 (20.39%)
Relative Bal DD
20.39% (2094.20)
Total Trades
953
Short positions (won %)
434 (26.96%)
Long positions (won %)
519 (26.78%)
Profit trades (% of total)
256 (26.86%)
Loss trades (% of total)
697 (73.14%)
Largest Profit trade
499.20
Largest Loss trade
-154.80
Average Profit trade
256.42
Average Loss trade
-75.40
Maximum consecutive wins (profit in money)
5 (1016.60)
Maximum consecutive losses (loss in money)
24 (-1382.80)
Maximal consecutive profit (count of wins)
1925.30 (4)
Maximal consecutive loss (count of losses)
-1382.80 (24)
Avarage consecutive wins
1
Avarage consecutive losses
4
Official Website

FX Capitalist Basic S v1.1.7 EURUSD 2007-2013 tick data backtest, real spread, default settings

View Full Backtest MyFxBook Analysis

Backtests Settings

Symbol
EURUSD (Euro vs US Dollar)
Period
1 Hour (H1) 2007.03.30 16:01 - 2013.01.21 15:59
Broker
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
Info="Allocated funds in MM to use this function Lot size must be 0.0"; Lots=0; MoneyManagement=22;
Bars in test
36292
Ticks modelled
82595510
Modelling quality
99.00%
Initial Deposit
$10000.00
Spread

Backtests Results

Total net profit
6649.30
Gross profit
32970.30
Gross loss
-26321.00
Profit factor
1.25
Expected payoff
6.60
Absolute Bal DD
2323.70
Maximal Bal DD
2431.60 (24.06%)
Relative Bal DD
24.06% (2431.60)
Total Trades
1007
Short positions (won %)
447 (19.02%)
Long positions (won %)
560 (16.79%)
Profit trades (% of total)
179 (17.78%)
Loss trades (% of total)
828 (82.22%)
Largest Profit trade
317.90
Largest Loss trade
-59.00
Average Profit trade
184.19
Average Loss trade
-31.79
Maximum consecutive wins (profit in money)
4 (1200.10)
Maximum consecutive losses (loss in money)
28 (-843.40)
Maximal consecutive profit (count of wins)
1200.10 (4)
Maximal consecutive loss (count of losses)
-857.00 (15)
Avarage consecutive wins
1
Avarage consecutive losses
6
Official Website

It's recommended to be so cautious if the S version is used live.

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Tags

Valery Trading Tickmill FXAutomater WallStreet Forex Robot 3.0 Domination Tick Data Suite IC Markets FBS Algocrat AI HFM Broker Volatility Factor Pro XM Waka Waka RoboForex Perceptrader AI Forex Diamond Traders Academy Club InstaForex Alpari GPS Forex Robot StrategyQuant X Forex Combo System GrandCapital Forex Trend Detector Telegram Signal Copier Omega Trend FX Scalper SMRT Algo Golden Pickaxe IronFX Broker Arbitrage AMarkets FXVM Binance Quant Analyzer FxPro Forex Gold Investor TradingFX VPS RayBOT ForexSignals.com AlgoWizard ACY Securities News Scope EA PRO ForexTime Pump Trader Robot Smart Scalper PRO FX Choice BlackBull Markets FXCharger Commercial Network Services Libertex Quant Data Manager LeapFX Trading Academy FX-Builder Gold Scalper PRO Happy Bitcoin Forex VPS Magnetic Exchange MTeletool Telegram Copier FX Secret Club Forex Robot Academy Swing Trader PRO Evening Scalper PRO Forex Robot Factory (Expert Advisor Generator) VPS Forex Trader QHoster Happy Forex Vortex Trader PRO Best Free Scalper Pro IV Markets EGPForex

Risk

Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.

Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.

Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.